South America Biostimulants Market growing with the Excellent CAGR of 13.8%, Size, Segments, Key Factors, Growth rate

South America Biostimulants Market, By Active Ingredients (Acid Based, Extract Based, Microbial Amendments, Protein Hydrolysates, B-Vitamins, Chitin, Chitosan, And Others), Crop Type (Fruits & Vegetables, Cereals & Grains, Turf & Ornamentals, Oilseeds & Pulses, And Other Crops), Application Method (Foliar Treatment, Soil Treatment, And Seed Treatment), Form (Liquid, Dry), Origin (Natural Biostimulants And Biosynthetic Biostimulants), End User (Farmers, Agri And Related Industries, And Research Institutes), Distribution Channel (Direct, And Indirect), Country (Brazil, Argentina, Colombia, Peru, Chile, Ecuador, Uruguay, Paraguay, Rest of South America) Industry Trends and Forecast to 2029.

Biostimulants market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing with the CAGR of 13.8% in the forecast period of 2022 to 2029 and expected to reach 1,447.76 million by 2029.  

Biostimulants are developed to help farmers in order to meet increased agricultural demand on a sustainable basis. Biostimulants boost crop yield and its value, which positively affects the farm productivity. Agricultural biostimulant is comprised of multiple amalgamations of chemicals, substances, and micro-organisms that are added to the plants or soils to boost crop vigor, production, sensitivity to abiotic pressure, and quality.

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Biostimulants support the growth and production of crops throughout the entire crop life cycle, from seed germination to plant maturity, in a variety of demonstrated ways including regulating plant metabolism. They are developed for farmers to meet the demand for sustainable agriculture including quality and improved crop yield, and even for the consumers to meet the demand for organic products so as to cope up with health and safety standards. Thus, due to this, investors are increasingly interested in the biostimulant category with respect to the significant growth potential.

The major factors driving the growth of the biostimulants market are increasing adoption of organic products in agriculture, rising need for increasing agricultural production to meet the surge in population pressure and unstable yields in agriculture due to climate changes. Increasing agricultural production in South America is creating opportunities for the growth of the market. Biostimulant quality contamination issues during manufacturing and transportation is acting as the major restraint for biostimulants market.

Key Players Covered:;

Some of the major players operating in the South America biostimulants market are UPL, Lallemand Inc., Agrinos, Koppert Biological Systems, Syngenta, SICIT Group S.p.A, Isagro S.p.A., ILSA S.p.A., OMEX, Trade Corporation International, Bayer AG, Marrone Bio Innovations, Inc., SEIPASA, S.A., Innovak Global, SA de CV, Stoller Group, Yara, BASF SE, Novozymes, Atlantica Agricola, Italpollina Spa, SummitAgro,  and others.

South America Biostimulants Market Scope and Market Size

Biostimulants market is segmented on the basis of active ingredients, crop type, application method, form, origin, end user and distribution channel. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.

On the basis of active ingredients, the South America biostimulants market is segmented into acid based, extract based, microbial amendments, protein hydrolysates, B-vitamins, chitin, chitosan, and others. In 2022, Acid based segment is expected to dominate the market as it has important components, such as humic acid, fulvic acid, and it increases productivity and growth of the plant. Along with these, it enhances fertility of soil and shows less harmful effect on ecosystem. Humic acid helps plants by maintaining nutrient availability, gas exchange between soil and atmosphere and it also improves fertility of soil.
On the basis of crop type, South America biostimulants market is segmented into fruits & vegetables, cereals & grains, turf & ornamentals, oilseeds & pulses, and other crops. In 2022, Fruits and vegetables segment is expected to dominate the market due to its high production globally. Farmers are producing more fruits and vegetables to fulfil the growing demand of consumers. It has been observed that high fruits and vegetables production will need more biostimulants with high growth and productivity so this sector is dominating the market.
On the basis of application method, South America biostimulants market is segmented into foliar treatment, soil treatment, and seed treatment. In 2022, foliar treatment segment is expected to dominate the market as it is highly preferred application by farmers as it shows more effect on plant. Foliar application involves sprinkling of biostimulants on the leaves which are easily absorbed and it shows high productivity.
On the basis of form, South America biostimulants market is segmented into liquid and dry. Liquid is sub-segmented into suspension concentrate, soluble liquid concentrate, and emulsifiable concentrate. In 2022, Liquid segment is expected to dominate the market because it is easily absorbed by the leaves as well as in soil to provide a good root system, better stems and foliar development to make the crop more capable to abiotic stress. Due to multiple benefits from the liquid biostimulants, it has been observed that products in liquid forms are highly preferred.
On the basis of origin, South America biostimulants market is segmented into natural biostimulants and biosynthetic biostimulants. In 2022, Natural biostimulants segment is expected to dominate the market due its minimal harmful effect on ecosystem as it is made up from natural sources such as seaweed and plant, microbes and other plant material. The natural biostimulants maintain the fertility of soil and prevent it from erosion. However, synthetic segment may grow the market because of use of certain synthetic regulators that ultimately helps the plant growth.
On the basis of end user, South America biostimulants market is segmented into farmers, agri and related industries, and research institutes. In 2022, farmers segment is expected to dominate the market as it is highly used in farm by farmers to increase yield and growth of the crops for fulfilling the growing demand of food in market. In recent time, farmers are more inclined towards biostimulants due to their benefits such as high productivity, plant growth and less harmful to nature.
On the basis of distribution channel, South America biostimulants market is segmented into direct, and indirect. In 2022, direct segment is expected to dominate the market because large scale farming as well as related industries needs high amount of stimulating products for high productivity of agricultural products so they directly contact with biostimulants manufacturing companies and hence it takes higher share.

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